Dollar recovers on supportive comments from China

07/2/2009 | Bloomberg

The U.S. dollar recovered from a three-week slump against the euro and the yen after Chinese Vice Foreign Minister He Yafei made a public statement easing concerns that the dollar will loses its status as the world's reserve currency. "The minister's remarks are definitely supportive of the dollar," said Tsutomu Soma, a currency and bond dealer at Okasan Securities.

View Full Article in:

Bloomberg

Published in Brief: